Inflation, relative prices and nominal rigidities

@inproceedings{Aucremanne2002InflationRP,
  title={Inflation, relative prices and nominal rigidities},
  author={Luc Aucremanne and Guy Brys and Mia Hubert and Peter Rousseeuw and Anja Struyf},
  year={2002}
}
This paper examines the distribution of Belgian consumer prices and its interaction with aggregate inflation over the period June 1976-September 2000. Given the fat-tailed nature of this distribution, both classical and robust measures of location, scale and skewness are presented. We found a positive short-run impact of the skewness of relative prices on aggregate inflation, irrespective of the average inflation rate. The dispersion of relative prices has also a positive impact on aggregate… CONTINUE READING

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Patterns and Determinants of Price Changes: Analysing Individual Consumer Prices in Austria

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